The Palm Beach Letter Gives Out Crap Advice On Bitcoin Gold

So I think you can get a subscription for about 50 bucks per year. It may be $250, but they’ll give it to you any time you want for $50, so long as you buy before midnight tonight. Any midnight, tonight.

I’m a subscriber, as well as to a few other operators who do the exact same thing: Agora, Altucher, Casey, etc. The 50 bucks gets you a little bit of good info (a couple of the crypto recos are at 300% and 350% gains in 7 weeks…non losers…so I’m not claiming fraud here; I’m claiming annoyance), and the rest of it is you being pounded with upsell marketing to the tune of many emails every single day, recycled pitches, A/B splitting tests, etc. It’s a cesspool of ennui.

Just got this email a few ago.

~~~

Dear Richard,

On October 10, we told you LightningASIC CEO Jack Liao planned a bitcoin hard fork in an effort to decentralize bitcoin mining.

(LightningASIC is a cryptocurrency mining company.)

That fork created a new coin: Bitcoin Gold (BTG).

All holders of bitcoin (BTC) on the “snapshot” date of October 23 received an equal amount of BTG. Its blockchain is now live, and you can retrieve your BTG.

However, not all wallets and exchanges currently support Bitcoin Gold. We will update you if and when our recommended services start supporting BTG.

Currently, the Ledger hardware wallet supports BTG. Today, we’ll go over how to access your BTG through the Ledger hardware wallet. Once you have your BTG, convert it to BTC.

(Please note: Ledger is a physical wallet used to store your cryptocurrencies. You can’t use this method unless you already purchased a Ledger wallet and stored your bitcoin in it before the snapshot date.)

Where’s the discussion about what Bitcoin Gold is, other than it’s a hard fork of the blockchain and free money? (Aside: A Patron has a friend who cashed out half of a free stack of Bitcoin Cash from the summer hard fork. $100K of free money)

What’s with the just-so, just-do? Is that what Palm Beach Group wants, automatons who always just follow their every command?

How about selling some of the stake, perhaps half, and letting the rest ride? After all, it’s playing with house money.

How about for those who don’t have a Trezor hardware wallet? There will be other ways to claim your free Bitcoin Gold going forward. Why not mention that instead of making it sound like a big discovery they discovered?

I just hate everything about that sort of operation. Show people what you did, explain why—even if for not necessarily rational reasons—or give them a set of options you think are reasonable.

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I'm Richard Nikoley. Free the Animal began in 2003 and as of 2018, contains over 4,600 posts and 110,000 comments from readers. I cover a lot of ground, blogging what I wish...from health, diet, and lifestyle to philosophy, politics, social issues, and cryptocurrency. I celebrate the audacity and hubris to live by your own exclusive authority and take your own chances in life. [Read more...]

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